About 1501 E Southcross Blvd
A not-to-be-missed investment opportunity. Discover this compelling investment option nestled in the up-and-coming San Antonio area-an ideal prospect for those looking to fortify their portfolio with a low-maintenance addition. This brand-new multi-family development is a must-see, featuring 28 units presenting 745 sq.ft. Layouts with two well-proportioned bedrooms and one bathroom. Experience contemporary living with open-plan and light-filled living spaces, perfectly tailored to modern lifestyles. Choose from two distinct floorplans offering well-equipped kitchens with ample storage and top-quality appliances. The convenience is further enhanced by central parking within the development. Additionally, relish the advantages of a central location, providing effortless access to all essential amenities for prospective tenants. Restaurants, schools, and shops are all within close proximity, adding to the allure of this easy-care investment opportunity in the up-and-coming San Antonio area. Seize the chance to enhance your portfolio with a property that combines practicality, style, and a prime location!
Features of 1501 E Southcross Blvd
| MLS® # | 1744609 |
|---|---|
| Price | $4,200,000 |
| Number Of Units | 28 |
| Square Footage | 20,860 |
| Acres | 0.89 |
| Year Built | 1923 |
| Type | Commercial |
| Sub-Type | Apartments |
| Status | Active |
Community Information
| Address | 1501 E Southcross Blvd |
|---|---|
| City | San Antonio |
| County | Bexar |
| State | TX |
| Zip Code | 78223-2013 |
Multi-Unit Information
| Gross Income | $412,608 |
|---|---|
| Net Operating Income | $279,184 |
Amenities
| Utilities | Cable TV, Electricity, Gas, Water |
|---|---|
| Parking Spaces | 46 |
Interior
| Heating | Central, Individual Meters |
|---|---|
| Cooling | Central, Individual Meters |
| # of Stories | 3.0 |
| Stories | 3 |
Exterior
| Roof | Composition |
|---|---|
| Construction | 4 Sides Masonry, Rock/Stone Veneer, Stone, Wood |
| Foundation | Slab |
School Information
| District | San Antonio I.S.D. |
|---|
Additional Information
| Date Listed | January 15th, 2024 |
|---|---|
| Days on Market | 911 |
| Zoning | MF-33 |
| Short Sale | No |
| Cap Rate | 6.65 |
| Gross Rent Multiplier | 10.18 |
| Estimated Taxes | $44,400 |
Listing Details
| Agent | Federico Volkmer |
|---|---|
| Office | Keller Williams City-View |
| Contact Info | (210) 880-7360 |